Waste Management 2013 Annual Report Download - page 48

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Year
Aggregate Grant Date
Fair Value of Award
Assuming Highest
Level of Performance
Achieved ($)
Mr. Steiner 2013 11,385,260
2012 10,532,994
2011 2,994,360
Mr. Trevathan 2013 2,371,928
2012 1,873,594
2011 559,932
Mr. Fish 2013 2,214,410
2012 1,506,184
Mr. Harris 2013 2,024,648
2012 1,506,184
2011 559,932
Mr. Morris 2013 1,645,202
(2) Amounts in this column represent the grant date fair value of stock options granted in 2011, 2012 and 2013, in accordance with ASC
Topic 718. The grant date fair value of the options was estimated using the Black-Scholes option pricing model. The assumptions made
in determining the grant date fair values of options are disclosed in Note 16 in the Notes to the Consolidated Financial Statements in our
2013 Annual Report on Form 10-K.
(3) Amounts in this column represent cash incentive awards earned and paid based on the achievement of performance goals pursuant to our
Annual Incentive Plan.
(4) The amounts included in “All Other Compensation” for 2013 are shown below (in dollars):
Personal Use
of Company
Aircraft (a)
401(k) Matching
Contributions
Deferral
Plan Matching
Contributions
Life Insurance
Premiums Relocation (b)
Mr. Steiner 241,314 11,475 40,258 2,301 —
Mr. Trevathan — 11,475 — 1,157 —
Mr. Fish 19,375 11,475 — 1,020 61,448
Mr. Harris 2,153 11,475 21,452 1,095 —
Mr. Morris — 11,475 9,073 653 4,920
(a) Mr. Steiner is required by us to use the Company aircraft for all travel, whether for personal or business purposes whenever
reasonably possible. Messrs. Fish and Harris were permitted limited personal use of the Company’s aircraft in 2013. We calculated
these amounts based on the incremental cost to us, which includes fuel, crew travel expenses, on-board catering, landing fees, trip
related hangar/parking costs and other variable costs. We own or operate our aircraft primarily for business use; therefore, we do not
include the fixed costs associated with the ownership or operation such as pilots’ salaries, purchase costs and non-trip related
maintenance.
(b) The Company provided relocation assistance in accordance with Company policy to Mr. Fish and Mr. Morris in 2013. The
Company believes these are appropriate business expenditures that benefited the Company, while recognizing these benefits are
likely considered perquisites by the SEC.
39